We've been throwing money at that problem for a while. The issues the young folks are having with student loans is a direct result of the access to loans. Colleges have a cash cow and keep raising tuition. Coupled with state cuts, it gets nasty fast.

What we really should do is look around the world and see who's education system is working, and try to shape our system like that. Germany comes to mind here.

quote:Both plans assume that tax cuts help boost economic growth but a new report released by the Congressional Research Service questions the impact of tax cuts for the wealthiest Americans. The nonpartisan CRS says cuts in the top marginal tax rate and top capital gains tax rate "do not appear correlated with economic growth." The report says cutting top tax rates don't appear to boost saving, investment or productivity, or the size of the economic pie, but do seem to increase disparities in income. The idea that you cut taxes to stimulate the economy has been the center of the Republican plank for 30 years starting with Reagan, says The Daily Ticker's Henry Blodget. "This Congressional Research Service report, which is nonpartisan, says there's no evidence that that is true." Current top marginal tax rates are 35% on income and 15% on capital gains and dividends. All are set to expire by year-end if Congress doesn't act to stop implementation of the Budget Control Act. That law mandates that the top marginal rates will jump to 39.6% on income and dividends (as they were when Bill Clinton was president) and 20% on capital gains after the new year.

People complain about Obamacare lowering the doctors pay so we will have less doctors. Wouldn't raising the cost of education do the same thing? Put both in effect at the same time, wouldn't this be troublesome?

quote:why not work until you can save up enough to afford it?

I would have loved to save around 80k (average amount of post law school debt) or 140k (average amount of med school debt).

quote:you went to school and lived on it

Thats the purpose of a loan. I still am signing a guarantee to pay it unlike any other loan which i could possibly default on.